Why is BHEL falling/rising?

As of 08-Aug, Bharat Heavy Electricals Ltd. (BHEL) is experiencing a decline in its stock price, currently at Rs 222.70, reflecting a decrease of Rs 5.1 or 2.24%. The stock has underperformed its sector by 0.74% today and has been on a downward trend for the last three days, accumulating a total loss of 10.22% during this period. Additionally, BHEL is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has reported a significant drop in its profit after tax for the quarter, down 115.5%, and its operating profit to interest ratio is at its lowest, which raises concerns about its financial health. Despite having a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's valuation appears expensive compared to its peers, contributing to its recent price decline.
In the broader market context, BHEL's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.84% compared to the Sensex's -0.92%. Over the past year, BHEL has underperformed significantly, with a return of -25.23%, while the broader market has only declined by 1.79%. This stark contrast highlights the challenges BHEL faces in attracting investor confidence, despite some positive indicators such as rising institutional holdings and increased delivery volume. The overall market sentiment and BHEL's recent financial struggles suggest a cautious outlook for the stock in the near term.